I.  putz1 /pʌts/ 
 noun [countable] American English informal not polite[
Date: 1900-2000; 
Language: Yiddish; 
Origin: potz 'penis, stupid person']
1.  an offensive word for someone, especially a man, who is stupid, annoying, and unpleasant
2.  a 
penis [TahlilGaran] Dictionary of Contemporary English ▲
 II.  putz2 /pʌts, pʊts/ 
 verbputz around phrasal verb American English informal to spend time doing very little, or not doing anything important
 Synonym : mess around: 
 I’ve just been putzing around this morning.  [TahlilGaran] Dictionary of Contemporary English ▲